Navigant Credit Union Mortgage Rates, Fees & Info

Smithfield, RI

LEI: 549300YIBRM1ZYA6GT07

Tax ID: 05-0125860

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Mortgage Data

Review & Overview

Navigant Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Navigant Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Worcester, Barnstable Town, and North Port among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Navigant Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Navigant Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.12% 3/28/24
30 Year Conventional Purchase 6.09% 3/28/24
30 Year Conventional Refi 6.21% 3/28/24
30 Year Cash-out Refi 6.30% 3/28/24
15 Year Conventional Purchase 5.95% 3/28/24
15 Year Conventional Refi 6.03% 3/28/24
15 Year Cash-out Refi 6.03% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Navigant Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Navigant Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,822

Origination Dollar Volume (All Markets)

$586,620,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2,626 $525,010,000 $199,928 $4,504 3.61%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 60 $24,830,000 $413,833 $8,731 3.56%
WORCESTER, MA-CT (FHA|USDA|VA) 75 $17,995,000 $239,933 $10,047 3.60%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 10 $3,700,000 $370,000 $3,471 3.45%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $2,820,000 $1,410,000 $9,467 2.94%
Lebanon, NH-VT (FHA|USDA|VA) 7 $1,775,000 $253,571 $2,861 3.68%
Outside of Metro Areas 6 $1,500,000 $250,000 $3,079 3.17%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $735,000 $245,000 $3,629 3.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $735,000 $245,000 $1,861 4.21%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $705,000 $705,000 $3,634 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,848 3.29%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $685,000 $228,333 $3,299 3.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $645,000 $645,000 $6,440 3.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $600,000 $150,000 $3,353 3.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $515,000 $515,000 $4,415 3.25%
Vineyard Haven, MA (FHA|USDA|VA) 2 $480,000 $240,000 $2,743 2.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $405,000 $405,000 $62,572 3.63%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $365,000 $365,000 $3,012 3.38%
PITTSFIELD, MA (FHA|USDA|VA) 1 $365,000 $365,000 $4,074 3.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $315,000 $315,000 $3,137 3.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $290,000 $145,000 $2,252 3.69%
THE VILLAGES, FL (FHA|USDA|VA) 2 $290,000 $145,000 $2,953 4.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,852 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,127 2.94%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,180 3.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,398 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.24%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,339 3.00%
Navigant Credit Union's top markets include Providence, Boston, Worcester, Barnstable Town, and North Port among others.

Their top states include:
  • Rhode Island (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,801 $472,055,000 $262,107 $4,773 3.77%
    HELOC 1,021 $114,565,000 $112,209 n/a 3.31%

    For 2020, Navigant Credit Union's most frequently originated type of loan was Conventional, with 1,801 originations. Their 2nd most popular type was HELOC, with 1,021 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 803 $171,125,000 $213,107 $4,086 3.41%
    Home Purchase 723 $218,935,000 $302,815 $4,597 3.71%
    Cash Out Refi 478 $124,950,000 $261,402 $5,781 3.53%
    Other 453 $45,315,000 $100,033 $269 3.80%
    Home Improvement 365 $26,295,000 $72,041 $11,579 3.68%

    For 2020, Navigant Credit Union's most frequently cited loan purpose was Refi, with 803 originations. The 2nd most popular reason was Home Purchase, with 723 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,242 $162,300,000 $130,676 $2,341 3.36%
    30 Year 1,056 $298,540,000 $282,708 $6,520 3.68%
    15 Year 311 $59,035,000 $189,823 $1,891 3.82%
    30+ year 82 $44,680,000 $544,878 $5,417 3.78%
    10 Year 74 $17,770,000 $240,135 $775 4.93%
    Other 28 $3,140,000 $112,143 $847 4.24%
    5 Year 25 $955,000 $38,200 $0 4.46%
    3 Year 3 $165,000 $55,000 $0 4.83%
    1 Year 1 $35,000 $35,000 $0 5.75%

    For 2020, Navigant Credit Union's most frequently cited loan duration was 20 Year, with 1,242 originations. The 2nd most popular length was 30 Year, with 1,056 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,759 $455,875,000 $259,167
    $1k-2k 13 $2,705,000 $208,077
    $2k-3k 6 $1,380,000 $230,000
    $3k-4k 2 $550,000 $275,000
    $5k+ 1 $245,000 $245,000

    Navigant Credit Union's average total fees were $6,520, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,759 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,513 $378,805,000 $250,367
    2.5-3% 752 $121,970,000 $162,194
    4-5% 323 $66,045,000 $204,474
    6-7% 98 $5,850,000 $59,694
    5-6% 97 $7,465,000 $76,959
    <2.5% 28 $5,780,000 $206,429
    7-8% 11 $705,000 $64,091

    During 2020, Navigant Credit Union's average interest rate for loans was 3.68%, while their most frequently originated rate bucket for loans was 3-4%, with 1,513 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 985 $269,735,000 $273,843 $5,318 3.47%
    $100,000 or less 831 $41,975,000 $50,511 $597 3.92%
    $100k-200k 713 $105,385,000 $147,805 $2,645 3.49%
    $400k-600k 215 $102,165,000 $475,186 $12,520 3.44%
    $600k-1MM 67 $48,135,000 $718,433 $4,821 3.51%
    $1MM+ 11 $19,225,000 $1,747,727 $7,077 3.45%

    2020 saw Navigant Credit Union place emphasis on $200k-400k loans with 985 originations, totaling $269,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 702 $139,640,000 $198,917 $5,281 3.68%
    $150k-250k 583 $149,695,000 $256,767 $7,396 3.56%
    $75k-100k 562 $97,060,000 $172,705 $3,950 3.66%
    $50k-75k 479 $75,045,000 $156,670 $3,377 3.56%
    $50k or less 258 $32,000,000 $124,031 $2,711 3.56%
    $250k+ 197 $77,265,000 $392,208 $3,734 3.41%

    Navigant Credit Union lent most frequently to those with incomes in the $100k-150k range, with 702 originations. The second most popular income band? $150k-250k, with 583 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 741 $146,555,000 $197,780 $5,039 3.52%
    30-36% 568 $116,100,000 $204,401 $3,805 3.58%
    <20% 328 $65,820,000 $200,671 $4,780 3.17%
    42% 127 $29,025,000 $228,543 $5,957 3.93%
    41% 117 $23,735,000 $202,863 $4,720 3.97%
    39% 100 $17,100,000 $171,000 $4,711 3.87%
    40% 97 $21,615,000 $222,835 $6,912 3.62%
    38% 97 $22,125,000 $228,093 $5,533 3.76%
    37% 94 $20,760,000 $220,851 $2,593 3.75%
    43% 93 $17,615,000 $189,409 $4,703 3.84%
    36% 85 $15,935,000 $187,471 $8,736 3.68%
    44% 72 $15,690,000 $217,917 $2,661 3.49%
    >60% 59 $16,045,000 $271,949 $5,404 3.86%
    46% 45 $9,205,000 $204,556 $2,439 4.03%
    50-60% 39 $9,895,000 $253,718 $2,911 3.47%
    47% 38 $8,120,000 $213,684 $2,714 3.78%
    45% 35 $6,805,000 $194,429 $2,663 3.89%
    48% 32 $6,430,000 $200,938 $2,700 3.59%
    49% 23 $5,665,000 $246,304 $13,943 3.53%

    Navigant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 741 originations. The next most common DTI ratio? 30-36%, with 568 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,607 $538,215,000 $206,450 $4,712 3.60%
    Not provided 134 $25,140,000 $187,612 $6,482 3.54%
    Not applicable 9 $9,375,000 $1,041,667 $0 4.76%
    Asian 31 $6,175,000 $199,194 $6,582 3.83%
    Black 32 $5,850,000 $182,813 $2,579 3.55%
    American Indian 3 $1,085,000 $361,667 $3,362 3.33%
    Asian Indian 4 $600,000 $150,000 $2,382 2.97%
    Native Hawaiian or Islander 2 $180,000 $90,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    85.93%

    Navigant Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.89%

    Navigant Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,822 $586,620,000 $207,874

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $9,955,000 $905,000
    Single Family (1-4 Units):Site-Built 2,811 $576,665,000 $205,146

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 481 $55,825,000 $116,060 $3,398 3.57%
    40-60% 394 $88,270,000 $224,036 $3,992 3.30%
    60-80% 802 $247,490,000 $308,591 $4,617 3.50%
    80-100% 506 $162,930,000 $321,996 $6,090 3.67%
    Over 100% 9 $2,695,000 $299,444 $65,167 3.93%
    Under 20% 630 $29,410,000 $46,683 $175 3.91%